Advisors affiliated with USA Financial are encouraged to use this technology to optimize their practices through secure client collaboration and making standard operating procedures more efficient and transparent.
The Growing Need for Financial Advisor Technology
Capgemini studies indicate that only 25% of wealth managers feel confident in their digital tools. This lack of confidence, combined with the growing expectation from (especially) high-net-worth clients for a seamless digital experience creates an urgent need for tech that simplifies document management, compliance, and client interactions.
Additionally, 72% of high-net-worth clients report that they would actually leave their advisor if the digital experience is poor (according to EY). In a world where convenience is king, financial advisors must leverage technology that keeps them ahead of client expectations and regulatory demands.
FutureVault: A Secure, Digital Solution for Advisors
FutureVault is more than just a document storage system; it functions as a client portal that allows advisors to securely store, manage, and exchange sensitive financial documents. With double encryption security, FutureVault ensures client information is protected at the highest levels, making it a FINRA-compliant solution that meets industry regulations. Advisors can also set up automated workflows, track document expiration dates, and receive notifications for key client interactions.
A few ways that FutureVault enhances efficiency in your practice:
- Compliance & Security: FutureVault is SOC 2 Type 2 and PCI DSS compliant, ensuring regulatory adherence and enhanced data security. Our compliance team has reviewed this software and approved it for use, an additional verification to provide confidence with use.
- Client Collaboration: Clients can securely upload, store, and share important documents with their advisor, attorneys, and accountants.
- Integration & Accessibility: FutureVault integrates with existing CRMs, making it easier for advisors to access documents within their current workflow.
- Automation & AI: The AI-powered document recognition tool can extract key information, such as expiration dates and account details, reducing manual work.
- Branded Client Experience: Advisors can customize the platform with their firm’s branding, maintaining a consistent and professional client experience.
How Financial Advisor Technology Can Help You Get More Clients
USA Financial coaches to using technology to help scale your practice, save you time, and focus on what matters most to your clients. This should never come at the expense of the client’s experience, but rather only happen with technology partners that help you strengthen relationships and improve retention. When clients have access to a digital vault for their financial records, they are more likely to see their advisor as a trusted partner in their long-term financial journey.
FutureVault can also be used as a prospecting tool as you look to grow, offering potential clients a “prospect vault” where they can securely upload necessary documents before becoming a client. This not only simplifies the onboarding process but also reinforces the advisor’s commitment to security and efficiency from the very first interaction.
The Next Generation of Client Engagement
As you expand the technology stack in your practice, rolling out client communications is helpful to keep them in the loop and help them adapt. Clients would much rather you tell them about positive technology advancements (helping those that need additional support to adapt as needed and appropriate) than watch you fall behind.
This will could also increase your chances of appealing to your client’s children: One of the biggest challenges for financial advisors is retaining assets across generations. Cerulli found that 70% of heirs leave their parents’ advisor after inheriting wealth. FutureVault offers a practical way to connect with the next generation by allowing clients to create secure digital entities for their children or heirs. These entities serve as a central hub for important documents such as education records, trust agreements, and health documents, ensuring that advisors remain part of the financial conversation across generations. With greater ability to securely communicate with other professionals, your client service and perceived value only increase.
Get Started with FutureVault
Financial advisors looking to modernize their practice and future-proof their practice should consider integrating FutureVault into their technology portfolio and practice workflows. As a strategic partner of USA Financial, FutureVault provides advisors access to exclusive pricing and support to ensure a seamless transition to this advanced document management system.
Want to talk more about technology, client engagement and retention, or other ways to prepare your practice for growth in the digital age? Reach out to our team today.
Note: This content was generated utilizing the help of AI research and is intended for informational purposes only.
